Bridging the Gap in Today’s Skill Lacking Economy

The staff at NoGre.com decided to focus on the extreme skill gap in today’s economy. Is it a skill gap or education gap? The growing gap between the market places’ current skills and the future capabilities of the marketplace to meet the needs for future development is what is being called the Skills Gap. Organizations and companies in the US and across the globe are noting this every widening gap. Even more disturbing is the large unemployment rate still plaguing the US and other economies. The skills gap, if left unchecked, will have lasting effects on business, the economy, and the world at large. This visualization was based on two prestigious reports from National Institute of Standards and Technology (NIST) & Mckinsey Center for Government.

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TOP REASONS FOR THE SKILLS GAP

According to ASTD’s member survey:

Skills of the workforce don’t match company strategy, goals, markets, or business models

Lack of bench strength in the company’s leadership ranks

Less of an investment in training/lack of support for employee learning and development in training/lack of support for employee learning and development